"I made the decision that next year is my last year," Crenshaw said. "It is funny, on Amen Corner on the 13th hole on the first day, I hadn't told Carl yet, but I said, 'Carl, I've been thinking about this for a long time and next year would be a good year.' I'm very, very happy with it. I've thought about it for a long time. A lot of times I thought that I could have stepped down earlier. It is hard. Very hard. But I have been so fortunate. I have to look at the good things that have happened. I have to pull over and watch. I'm very resigned to being an encourager for everybody as much as I can."

The 62-year-old Crenshaw won his first Masters in 1984.

In all, Crenshaw -- who was inducted into the World Golf Hall of Fame in 2002 -- has played in the Masters every year since 1972. Along with those two victories, he has racked up another nine top-10 finishes.

The last time Crenshaw made the cut at Augusta National was in 2007, when he finished in a tie for 55th.

Over the last several years, Crenshaw has been revered as a top course designer along with partner Bill Coore. In 2010, Crenshaw and Coore began restoring famed Pinehurst No. 2 in preparation for the 2014 U.S. Open and U.S. Women's Open, which will be played in consecutive weeks this June.